Just hit my news alert because I also own some WIND:
(BSNS WIRE) Wind River's Strategic Investment in Zaffire, Inc. to Accelerate Development of
Software for Optical Networking Market
Business Editors/High-Tech Writers
ALAMEDA, Calif.--(BUSINESS WIRE)--Sept. 7, 2000--Wind River
Systems, Inc. (Nasdaq:WIND), a leading provider of software and
services for smart devices in the Internet age, announced that its
Wind River Ventures unit was a strategic investor in Zaffire's third
round of venture funding, which was completed in June, 2000. Zaffire,
based in San Jose, Calif., is a leading carrier-class optical
networking company focused on developing a next-generation optical
services platform for service providers worldwide.
Wind River Ventures' investment in Zaffire has enabled Wind River
to continue to play a growing role in the burgeoning optical
networking market. As part of the strategic investment, Zaffire has
committed to using Wind River as a standard supplier of embedded
software for the company's products. The companies have also agreed to
partner on future developments.
"Integrating components of Wind River's Tornado integrated
development environment and VxWorks real-time operating system into
our product development environment helped us to bring to market the
Z3000, the first purpose-built metro area Dense Wave Division
Multiplexing (DWDM) solution to set a new benchmark for low total cost
of ownership," commented Near Margalit, CEO for Zaffire. The Z3000
helps telecommunications service providers solve the problem of
bandwidth capacity bottlenecks in the metro and regional market and
intelligently manage the fiber optic links between long-haul carriage
and last-mile access.
"Wind River Ventures is helping Wind River accomplish strategic
initiatives," commented Curt Schacker, vice president of Marketing and
Corporate Development for Wind River. "By investing in private
companies that are effectively positioned in emerging markets such as
optical networking, Wind River can participate in its customers'
success while improving its ability to serve that marketplace. As the
markets for embedded software continue to get more complex, it is
important to develop strategic partnerships with companies that
enhance the overall value proposition of Wind River solutions."
"By partnering with leading-edge companies such as Zaffire, Wind
River is actively participating in the growth of optical networking,"
said Jim Ritchie, director of Business Development and Corporate
Strategy for Wind River. "Through strategic relationships and
investments in optical networking companies, we are also able to
provide better software to the industry, further enhancing Wind
River's position as the leading commercial supplier of software to
next-generation networking companies."
About Zaffire
Zaffire, Inc. is a high-technology company focused on developing a
next-generation, optical services networking system for service
providers worldwide. Zaffire's breakthrough optical technologies have
been well received by new-generation carriers, CLECs, RBOCs, and IXCs.
Designed specifically for deployment in metro and regional-area
networks, the Zaffire Advanced Optical Services Network Architecture
gives service providers a new level of transport control over existing
and emerging data, circuit, and lambda services. The solution also
significantly reduces the total cost of ownership and provides service
providers with a high level of flexibility to price and deliver
differentiated service offerings. For more information, see
www.zaffire.com.
About Wind River Ventures
Wind River Ventures is the strategic investment arm of Wind River.
The fund is intended to expand opportunities with startups, who
already represent a significant portion of Wind River's business, and
will provide a forum for collaboration on leading edge technologies
that will help shape the future of embedded computing. Wind River
Ventures will target investments in early-stage companies focusing on
wireless communications, data and optical networking, semiconductors,
and communications software as well as Internet appliance and other
high-growth markets that are strategically aligned with Wind River.
For more information, go to www.windriver.com/ventures/index.html
About Wind River
Wind River, www.windriver.com, is a worldwide leader in embedded
software. Wind River provides software development tools, real-time
operating systems, and advanced connectivity for use in products
throughout the Internet, telecommunications and data communications,
digital imaging, digital consumer electronics, networking, medical,
computer peripherals, automotive, industrial automation and control,
and aerospace/defense markets. Wind River is how smart things think.
Founded in 1983, Wind River is headquartered in Alameda, Calif., with
operations in sixteen countries worldwide.
Note to Editors: Wind River Systems, the Wind River Systems logo,
VxWorks, and Tornado are registered trademarks of Wind River Systems,
Inc. All other names mentioned are trademarks, registered trademarks
or service marks of their respective companies.
--30--jr/sf*
CONTACT: Wind River
Tabitha Steager, 510/749-2470
tabitha.steager@windriver.com
windriver.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING SOFTWARE HARDWARE
INTERNET
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